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BB&T Capital is out with its report today on Flowers Foods
FLO, maintaining Buy.
In a note to clients, BB&T Capital writes, "FLO reported Q4'10 EPS of $0.34 compared to our $0.40 estimate and consensus of $0.39. The entire miss, relative to our estimate, was due to lower-than-expected sales, as DSD volumes excluding expansion markets declined nearly 5%, due to aggressive competitive promotional pricing during the quarter. We have a Buy (1) rating on FLO and 12-month price target of $28."
At the time of posting, shares of FLO were trading at $24.01, down 1.32% from Tuesday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsBB&T CapitalConsumer Staplesflowers foodsPackaged Foods & Meats
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